(INDIANAPOLIS) - Downtown Indianapolis will continue to be the major economic and residential driver for Indiana. That's according to Indianapolis Downtown Inc. which released it's five-year strategic plan Velocity on Tuesday.

IDI Vice President Robert Schultz says the plan involved the input of some four-thousand participants. He says downtown has emerged as a collection of neighborhoods built around a "commerce center."

Schultz says downtown Indianapolis has become a "residential magnet." As a result, developers are working on numerous projects to meet demand.

Schultz says 38% of people moving to downtown are coming from out of state and 26% are coming from outside of Marion County with the remainder coming from within the county.